At a March 19, 2026 status hearing before the U.S. Court of International Trade, U.S. Customs and Border Protection ("CBP") updated the court on its efforts to implement a centralized mechanism for refunding unlawfully collected IEEPA tariffs. The…
Banks and credit unions are preparing for the loss of interchange fees on Illinois debit and credit card transactions following the court’s decision in Illinois Bankers Association et al. v. Raoul, No. 24-7307 (N.D. Ill. Feb. 10, 2026), denying (in…
The Indiana General Assembly concluded its work for the year on February 27th, bringing an end to a session that began in December with the failed effort to draw new Congressional maps, and concluded with lawmakers trying to attract the Chicago…
Krieg DeVault LLP is pleased to announce that Victoria E. Konstantinidis has joined the firm as an associate attorney. Victoria concentrates her practice on medical malpractice defense, healthcare litigation, and complex civil litigation.
Victoria…
Overview
On March 12, 2026, the U.S. Court of International Trade (“CIT”) issued an order confirming that U.S. Customs and Border Protection (“CBP”) is making “satisfactory progress” towards developing a process to issue refunds of unlawfully…
During a March 6 settlement conference, U.S. Customs and Border Protection (“CBP”) advised the U.S. Court of International Trade (“CIT”) that CBP is developing a centralized system to process refunds of tariffs imposed under the International…
DOL’s New Proposal to Distinguish Employees from Independent Contractors
On February 27, 2026, the U.S. Department of Labor (DOL) issued a Notice of proposed rulemaking to redefine independent contractor status under the Fair Labor Standards Act…
On March 4, 2026, Judge Richard K. Eaton of the U.S. Court of International Trade (“CIT”) issued a significant ruling holding that all importers of record who paid tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) are…
Krieg DeVault LLP is pleased to announce that Devin Zimmerman has joined the firm as an Associate in its Litigation and Dispute Resolution practice, where he focuses on business litigation.
Mr. Zimmerman represents businesses and fiduciaries in a…
On March 2, 2026, the Internal Revenue Service released Schedule 1‑A (Form 1040) and accompanying updates to the Form 1040 Instructions implementing several new individual tax deductions enacted under the reconciliation legislation commonly referred…
The U.S. Department of the Treasury has released two new artificial intelligence (“AI”) resources intended to help banks and other financial institutions adopt AI more securely and consistently: (1) an Artificial Intelligence Lexicon, and (2) a…
On February 20, 2026, the U.S. Department of the Treasury and the Internal Revenue Service released Notice 2026-16, providing interim guidance on a new 100% special depreciation allowance for certain nonresidential real property, depreciable under…
